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Lekan Akinyanmi in full control of Lekoil Nigeria
Lekan Akinyanmi remains in full control of Lekoil Nigeria Limited (Lekoil Nigeria), the company officially recognized by the Nigerian government as custodian of some...IEA says oil demand to hit pre-virus level in 2022
Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its allies to keep markets...Shell urges Nigeria to pass Petroleum Industry Bill soon
Royal Dutch Shell’s oil-drilling unit in Nigeria is urging the government to pass long-delayed legislation to reform the country’s petroleum industry, which the Senate...OPEC member countries lost $1trn to oil price plunge in two years – Bakindo
The Secretary General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to...
- Midstream
Firm to set up 1GW solar panel manufacturing factory in Nigeria
Solmont Technologies, an OEM, plans to construct a 1,000 MW per annum solar panel manufacturing facility in Ondo State, Southwest Nigeria. The factory is...OAU to begin electricity generation, distribution
The Vice-Chancellor of the Obafemi Awolowo University (OAU), Prof. Eyitope Ogunbodede, has announced that the University has obtained the license to distribute electricity to...NLNG signs 1.1 MTPA of gas with three firms for local consumption
Nigeria Liquefied Natural Gas (NLNG) has signed the execution of Sales and Purchase Agreements (SPAs) to supply 1.1 Million Tonnes Per Annum (MTPA) of...NDPHC: The success story of Independent Power Projects
With over 3,400MW contribution to the nation’s power grid and delivery of more than 22 sub-stations across socio and political regions, the Niger Delta...
- Downstream
Shafa, A.A. Rano, Matrix, others get marginal oil field licence
Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department...No Fuel Price Increase in June- Minister
The Minister of State for Petroleum Timipre Sylva, on Friday, announced that there will be no increase in the pump price of petrol in...DPR’s alternative dispute resolution centre resolves first case
The Department of Petroleum Resources (DPR) said that the Oil and Gas Alternative Dispute Resolution Center (ADRC) in Lagos, has successfully resolved its first...Consumer Rights Violation: FCCPC investigates death of 2 patients.
The Federal Competition and Consumer Protection Commission (FCCPC) says it has opened an investigation of possible consumer rights violation, that led to the death...
- Business
Death toll from Lagos LPG tanker explosion rises to 5 — NEMA
The number of persons killed in Thursday’s gas tanker explosion at the Ogun State Property Investment Company (OPIC) Plaza in Ikeja has risen to...Axxela receives Energy Leadership Excellence Prize of The Decade
Axxela Limited, a sub-Saharan Africa's gas and power portfolio company, has received the Energy Leadership Excellence Prize of the Decade from the African Institute...Brass Products Terminal: Sylva Hails Buhari’s Impact in Niger Delta
.Project Will Generate 6,000 Jobs, Says Kyari The Minister of State for Petroleum Resources, Chief Timipre Sylva, has commended President Muhammadu Buhari for his giant...No plan to nationalise Unity Bank-CBN
The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc. The Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, described the...
- World
Globeleq breaks ground, pioneer $32m solar power project in Cuamba, Mozambique
Globeleq, Africa’s independent power producer, and the Private Infrastructure Development Group (PIDG), the infrastructure development and finance organisation, announced that it had officially broke...Blackout hits Nigeria as I3 Power plants breakdown
Nigeria is currently hits by blackout as 13 Power generation plants are breakdown. According to Aaron Artimas, Special Adviser, Media and communications to the Minister...OPEC, non-OPEC countries to increase production by 0.5mb/d in January
The Organisation of Petroleum Exporting Countries (OPEC) and the non-OPEC countries have agreed to increase crude oil production by 0.5 million barrels per day...Sarki bags Society of Chemical Engineers Fellow
The Director of Petroleum Resources, Sarki Auwalu has been elected as a fellow of the Nigerian Society of Chemical Engineers (NSChE) at the 2020...
- Analysts
Local content, best way forward for Nigeria- Jadesimi
Managing Director LADOL, Dr. Amy Jadesimi, has said that the way to move Nigeria and its economy forward is to embrace local content, currently...Nigeria to account for 23% of upcoming oil and gas projects in Africa by 2025- Analysts
Nigeria is expected to have 100 oil and gas projects starting up between 2021 and 2025 Nigeria is expected to have 100 oil and gas...Justifying FG’s Rehabilitation Option For Nigeria’s Dormant Refineries
The immediate sensation which trailed the recent approval by the Federal Executive Council (FEC) of $1.5 billion to rehabilitate Port Harcourt Refining and Petrochemical...Fuel Deregulation: Time for labour to review stance
Helpless Nigerians presently managing to eke a living are being subjected to yet another stress of standing in long-winding queues of vehicles to buy...
- Agriculture
EDITOR PICKS
Death toll from Lagos LPG tanker explosion rises to 5 — NEMA
The number of persons killed in Thursday’s gas tanker explosion at the Ogun State Property Investment Company (OPIC) Plaza in Ikeja has risen to...
Scores injured, 25 vehicles burnt in Lagos gas explosion
A LPG tanker exploded at about 1032hour on Thursday on the Mobolaji Bank Anthony Way opposite Sheraton hotels and Towers. Ikeja.
The explosion was alleged...
Lagos begins demolition of structures under power lines
The Lagos State Building Control Agency, (LASBCA), said it would embark on demolition of illegal structures constructed under high tension cables and others.
A statement...
POPULAR POSTS
Death toll from Lagos LPG tanker explosion rises to 5 — NEMA
The number of persons killed in Thursday’s gas tanker explosion at the Ogun State Property Investment Company (OPIC) Plaza in Ikeja has risen to...
Scores injured, 25 vehicles burnt in Lagos gas explosion
A LPG tanker exploded at about 1032hour on Thursday on the Mobolaji Bank Anthony Way opposite Sheraton hotels and Towers. Ikeja.
The explosion was alleged...
Lagos begins demolition of structures under power lines
The Lagos State Building Control Agency, (LASBCA), said it would embark on demolition of illegal structures constructed under high tension cables and others.
A statement...
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